Did you know that Health and Life Insurance companies posted record high profits last year? The Life/Health Insurance Industry recorded $20 billion in profits last year, up from $10 billion in 2010. That makes sense given the fact that my premiums have pretty much doubled over the same time frame. We have all been feed the claim that premiums had to increase to pay for Obama-care.
Shiva Ayyadurai made news the other day when he announced that "Well, I think only a real Indian can defeat a fake Indian". Now statements like that make for great news, however Shiva will need a lot more than catchy phrases to defeat Elizabeth Warren in Massachusetts. Even if she is not really a Native American, he still has a tough battle ahead.
Over the last 3 months, ActBlue distributed $31 million to various candidates and PACs. If you are not familiar with ActBlue, it acts as a middle man by taking credit card donations and then redistributing the funds to the different candidates. The problem is that ActBlue creates a layer between the PACs / candidates and actual donors, making it very difficult to know where the money is coming from and where it is going.
How much money does it take to topple a giant? $179 thousand. That is how much Alexandria Ocasio-Cortez raised to take down 10-term incumbent Joe Crowley. Over the same time frame, Crowley raised $4.6 million. Ocasio-Cortez raised less than 4% of what Crowley brought in and still beat him. It looks like Ocasio-Cortez only received money from one PAC. Justice Democrats gave her $5,000. Aside from that almost all of her donations appear to be from individuals.
In June, the American Chemical Council (ACC) flexed its muscle or more specifically spent its money on 4 different candidates. The ACC spent $900K on ads for Dean Heller (Nevada), Markwayne Mullin (Oklahoma), Roger Wicker (Mississippi) and Kevin Yoder (Kansas). The most was spent on Dean Heller. The ACC spent $348K on Heller, followed by Wicker at $269K, Mullin at $147K and Yoder at $134K. We watched some of the ads the ACC sponsored and here are key points.
Matt Rosendale may have the support of President Trump, but he does not have the money. Rosendale recently won the Montana GOP Senate primary and is set to take on Jon Tester in the November election. Rosendale claims to have the support of Ted Cruz, Rand Paul and Mike Lee. Maybe he should try and get Paul Ryan’s support, because that guy is just handing out the money. This year Rosendale has raised $651K, compared to $6 million raised by democratic Senator Tester.
There is big money in BINGO up in Michigan. The Oakland County Democratic Party (No not Oakland, California) has taken in over $1 million in BINGO related donations since January 2017. However, they have only paid out $769K in Bingo winnings. Yes, you have to pay money to play and there is a chance that you can win a lot. Does that sound like gambling? Can someone please tell me the difference between KENO and BINGO?
Maxine Waters does it all. She can build a custom computer. She loans her car to the campaign. She also personally makes and distributes Flyers and Sign Posts. Let’s not forget about her daughter Karen Waters who owns a fleet of walkers and also a U-Haul. When a campaign makes a purchase they fill in the “disbursement description” and then the “recipient name”. Now when most campaigns purchase a computer the recipient is a computer store.
Candidates and PACs have spent more than $16.6 million on Yard Signs over the last 9 years. Has anyone ever voted for a candidate because they saw a Yard Sign? I have a neighbor up the street with two yard signs. One of them is for Ben somebody. I see it and laugh as one of my other neighbors is named Ben. I think what office is he running for? However, I am looking forward to putting up a Yard Sign this year as I know it will totally upset my super conservative neighbors.